If the housing market was normal before you can be assured it will be a very long time before we return to that.
A new study “Housing in America” reports a new normal will replace what was thought to be normal prior to the market downturn
They suggest at least another 10% decline in home prices this year and more borrowers to strategically abandon and walk away from their overleveraged homes.
A new attitude toward home ownership is surely to emerge as what was once the American dream of home ownership has become the American nightmare.
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